Two fintech startups are bringing their ideas to an unusual — yet universal — area: employee benefits. A few weeks paid time off and affordable healthcare, the standard benefits package for professionals, and many employees would find that package enviable. But a few financial service innovators are packaging their products asRead More
Post Tagged with: "payday loans"
Welcome to the newest innovation sector: alternative subprime lending. Fort Worth, Texas-based Elevate appears to be leading the charge in this new sector, announcing today that its total loan originations has hit $442 million. Elevate launched in 2014 and offers three products: RISE, a personal loan, Elastic, a paycheck advance, andRead More
John Oliver has taken on some controversial topics on his new HBO show, Last Week Tonight. This time, he and Sarah Silverman take on payday loans. Payday loans have been a hotly debated topic, with many saying that payday lenders are just loan sharks that take advantage of those looking forRead More
A new Russian startup — yes, Russian — is promising microloans (or at least microloan approvals) in just 45 seconds. But it appears that Zaimionline.ru, which is now seeking more funding to go with its seed round, is going to have a tough time raising money from Western VCs because of theRead More
The venture capital money is flowing into fintech and Bill.com and LendUp are the most recent beneficiaries. The investments show confidence in the commercial space and in microlending, respectively. Bill.com, an accounts payable company serving the needs of small and midsize business, received $38 million in a round led byRead More